The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, GoFintech Innovation's share price is HK$0.97.
GoFintech Innovation's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was HK$0.01. Hence, GoFintech Innovation's PS Ratio for today is 97.00.
Warning Sign:
GoFintech Innovation Ltd stock PS Ratio (=86.36) is close to 10-year high of 86.36
The historical rank and industry rank for GoFintech Innovation's PS Ratio or its related term are showing as below:
HKSE:00290'
s PS Ratio Range Over the Past 10 Years
Min: 1.18 Med: 6.99 Max: 97
Current: 97
During the past 13 years, GoFintech Innovation's highest PS Ratio was 97.00. The lowest was 1.18. And the median was 6.99.
HKSE:00290's PS Ratio is ranked worse than 95% of 100
companies
in the Diversified Financial Services industry
Industry Median: 2.19
vs HKSE:00290: 97.00
GoFintech Innovation Ltd revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of GoFintech Innovation was -61.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -50.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -29.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -10.80% per year.
During the past 13 years, GoFintech Innovation's highest 3-Year average Revenue per Share Growth Rate was 76.10% per year. The lowest was -72.50% per year. And the median was -22.60% per year.
Back to Basics: PS Ratio
GoFintech Innovation PS Ratio Historical Data
The historical data trend for GoFintech Innovation's PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of GoFintech Innovation's PS Ratio
For the Financial Conglomerates subindustry, GoFintech Innovation's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GoFintech Innovation's PS Ratio Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, GoFintech Innovation's PS Ratio distribution charts can be found below:
* The bar in red indicates where GoFintech Innovation's PS Ratio falls into.
GoFintech Innovation PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
GoFintech Innovation's Share Price of today is HK$0.97.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. GoFintech Innovation's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was HK$0.01.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
GoFintech Innovation (HKSE:00290) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
GoFintech Innovation PS Ratio Related Terms
Thank you for viewing the detailed overview of GoFintech Innovation's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
GoFintech Innovation (HKSE:00290) Business Description
GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong and relying on the mainland. Its main business includes Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and insurance brokerage, Asset management, and Equity investment. The majority of the revenue derives from the Asset management segment.
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